Debt seems to be a way of life for a lot of people. Credit Card debt is out of control and quite a few people have as much as $10,000 or more in credit card and/or medical bills. From a physical point of view, the only solution for a lot of people is either a debt management or a debt settlement program. If you are in this situation please visit www.phoenix-mkt.com to view a 4-minute video and obtain a FREE no-obligation consultation.
Now, let’s talk about how you got into that hole and how you can get control of your finances. There are 3 steps to financial freedom.
Reduce or eliminate the negative flow of money (interest).
Live within a budget.
Have your money EARN money.
Step 1: Reduce or eliminate the negative flow of money (interest): if you only make the minimum payment each month on your credit card, the interest is between 80 – 90%. Nothing you bought is worth 80-90% interest! To determine the interest on any card, divide the amount of the minimum payment into the finance charge. For example, your minimum payment is $100.00 and your finance charge is $82.00.
$82.00 divided by $100.00 is 82% interest!
Since only $18.00 of the $100.00 payment going to the principle, it will take you over 15 years to pay off that credit card and cost you approximately 6 times what you borrowed. With the economy the way it is today, if you have $10,000 or more in credit card debt and/or medical bills you might want to consider a debt settlement program and give yourself a fresh start.
Step 2: Live within a budget: living within a budget is probably the hardest thing for most people to do. We have become a society of instant gratification; we want everything NOW even if we have to hock the future to do it.
Step 3: Have your money EARN money: Ha! What money… I don’t even have enough to pay my bills. Where am I going to get the money to invest?
Step back a second and take a look at the situation:
You want more than you can afford to pay.
The system has you trapped.
Borrowing more money is only going to put you deeper in the hole.
Life Sucks.
Why bother.
The harder I try, the worse it gets.
Life Sucks.
I see people driving a Mercedes and living in big homes. What do they know that I don’t know?
I have a friend who didn’t even go to college and makes three times as much as I do.
Life Sucks.
Now that you have that out of your system… we can get started. The Law of Attraction is the BIG SECRET everyone is talking about. However, unless you understand HOW it works you will be no better off than you are now.
How it Works
The Law of Attraction is: YOU WILL ATTRACT WHATEVER YOU THINK ABOUT WITH FEELING.
So, let’s look at what you are thinking about:
You think you don’t earn enough money.
You feel trapped.
You know, with a deep gut feeling that borrowing more money is out of the question.
Your think your life sucks.
You think you’re ready to give up.
You know you are getting to the point of frustration (a very strong feeling of despair)
Your think your life sucks.
You think you don’t know how to change your situation.
You think you have made all the wrong moves.
Your think your life sucks.
Listen to yourself… The Law of Attraction is working perfectly! You are attracting the lack of money, frustration, seeing the world as miserable, seeing yourself as a failure or at least not earning up to your potential, some days you don’t want to even get out of bed and to top it all off, your friend invites you to go to Las Vegas and you don’t have two nickels to rub together.